13 C.F.R. § 107.1430

Current through October 31, 2024

Section 107.1430 - Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures

If SBA approves, a Section 301(d) Licensee may use the proceeds of a Debenture to redeem Preferred Securities at their mandatory redemption date, including any accrued unpaid dividends or partnership distributions.

13 C.F.R. §107.1430

61 FR 3189, Jan. 31, 1996, as amended at 63 FR 5869, Feb. 5, 1998